DZ20220411

 

*Key points

Macro

*Premier Li Keqiang held forum with experts and entrepreneurs on April 7th which sought for suggestions on further economic work. Key notes as 1) accelerate issuance of policies with new plan under research; 2) enhance supports on enterprises in difficulties; 3) stabilize product price and market expectation; 4) enhance poverty alleviation on consumption related industries; 5) financial supports under research for consumers in dilemma; 6) higher level of opening-up and maintain stable currency rate for external uncertainties.

 

Financials

*Yi Huiman, chairman of CSRC raised requirement on high-quality development of listed companies and pointed out to 1) promote stable implementation of overall registration system with new round of action plan in improving quality of listed companies to be formulated; 2) Underlying range of connects and dual opening-up of commodities and financial futures to be expanded; 3) new supervisory rules on overseas listing will be issued with cooperation between China and US on audit and supervision promoted to create predictable global supervision environment.

 

Industrial Economy

*The State Council issued opinions to build up national unified market which pointed out set up unified energy market, optimize multi-layered power market system with construction of national power trading center under research and the role of national coal trading center to be well played.

 

Co Focus

*4 new vehicle types of BYD Han series been issued on April 10th with price range after subsidies between cny 215.8k to 329.8k, according to its official wechat account.

 

*Block Trade Info

*Discount

- Bio-Tech (300957 CH) saw 3 block trades worth 63mn at 181.59 yuan per share, 0.31pct discount from last closing.

- Gohigh Data (000851 CH) saw 6 block trade worth 114mn at 4.81yuan per share, 7.14pct discount from last closing.

- Polaris Bay Group (600155 CH) saw 11 block trades worth 57mn at 8.71yuan per share, 9.08pct discount from last closing.

- Bank of Communications（601328 CH）saw 1 block trades worth 31mn at 4.62yuan per share, 10.64pct discount from last closing.

- BOE Tech (000725 CH) saw 1 block trade worth 116mn at 3.77yuan per share, 10.24 discount from last closing.

- Pharmaron (300759 CH) saw 2 block trade worth 116mn at 110.8yuan per share, 0.54 discount from last closing.

 

*Premium

- Kweichow Moutai （600519 CH）saw 2 block trade worth 37mn at 1842yuan per share, 3.25pct premium from last closing.

- Luzhou Laojiao (000568 CH) saw 2 block trades worth 26mn at 189.58 yuan per share, 0.48pct discount from last closing.

*Margin Trade

*Connection Trade

*Index Futures

*Index Options

*Treasury Futures

 

*Night Session Commodities Market (As of 02:30 am)

* Global oil prices mostly closed up as May contract of WTI rose by 1.95%, quoted at $97.90/barrel. Likewise, June contract of Brent shifted up by 1.81%, closed at $102.40/barrel. For the week ending on April 8, WTI and Brent slipped 1.38% and 1.91% lower WoW respectively.

* COMEX gold futures closed higher to $1,950.4 per ounce with 0.65% increase. COMEX silver futures settled at $24.905 per ounce, added 0.69%. For the week ending on April 8, gold and silver futures rose 1.39% and 1.02% WoW respectively.

* For the night session on March 11, commodity market mostly closed down for chemical and energy series leading the downside. Methanol and EG both fell over 2%, paper pulp and bitumen shifted over 1% lower. Likewise, black series mostly went down as coking coal, iron ore and steel rebar all settled with more than 1% decline. In terms of agricultural products, rapeseed meal and palm oil both added over 1%. Soybean meal and soybean oil shifted up by 1.19% and 1.15% respectively.

* LME metals mostly closed up with LME copper rose by 0.32% to $10,344/ton, LME zinc up by 2.63% to $4,298/ton, LME nickel rose by 0.87% to $33,990/ton, while LME aluminum down by 0.38% to $3,372/ton, LME tin shifted 0.16% lower to $43,530/ ton, and LME lead closed up with 1.07% increase at $2,410/ton.

 

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